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Jan 18, 2013
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mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you know who they are blaming? the federal reserve. they are blaming low interest rate policies for ruining their expected rates of return so when they don't come up with the returns they expected, they have these shortfalls, right liz? a little controversy going on. >> calpers is doing pretty darn well. that's a big pension. they have finally gotten back to where they were before the crisis. there's a lot of blaming going on. you look at the super smart money out there, somebody is doing well. >> the liability side of the balance sheet that's when you see the underfunding problems, that's wh
mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you...
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Jan 17, 2013
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reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to wait to see what the fed says, but i'm optimistic. i can't speak for the fed but i'm personally optimistic. >> we'll leave it there. mr. king, good to have you on the program. >> have a good day. >> and to you. chairman and ceo of bb&t. didn't hold on to the triple-digit gains. does that mean we're setting up for a pullback tomorrow? our panel of wall street pros will give you a leg up on what's going to move your money tomorrow. don't miss it. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and wel
reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to...
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Jan 16, 2013
01/13
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you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very muc
you can't solve the deficit problem and our debt ongoing unless we in fact reduce our spending. the math doesn't work. >> let me ask you this. if you get spending cut ideas, are you going to agree to more tax increases? >> i think that's the negotiation that needs to happen. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing...
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Jan 18, 2013
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for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember what we've seen. five-year highs. watch out for ample next week and so much more. david: you know who is now? liz: "money" with melissa francis. david: we'll watch, melissa. liz: i'm hopping a plane. see you in davos. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider i
for the rest of the week, the question is the deficit talks. are they going to lead to something? will they accept a temporary deal or not? will the market have this pullback that everybody, this hour has been talking about. people are waiting for it. a lot of people have cash. they have been keeping the powder dry, waiting for a pullback to go into the market. we may get clues whether that will happen coming up next week. liz: the team will be here for you on fox business, watching. remember...
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Jan 18, 2013
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i like the enforced budget cuts because that really helps the deficit. so i'm in favor of that. >> it's another reason the vix is down this much today, judge. you look at the market the market is pretty flat today. but the vix is just getting cranked. >> on your point, sorry to interrupt, i want to let everybody know the vix is now, reading a note from our news desk the vix is below 13 for the first time since june of 2007. and lot of that would mean that the risk premiums of course have shrunk and that would be because people are looking out saying rather than at the end of january beginning of february they've got to really ramp up the rhetoric and we get right back to the fisticuffs we saw in december we're not perhaps going to get that now because of this what john harwood just reported. >> another down day for apple and off more than 4% this week is a bottom near or will demand worries keep weighing on shares? pete, i'll go to you on this one. >> stay away from apple. i don't understand what the fascination. everybody has had this fascination that t
i like the enforced budget cuts because that really helps the deficit. so i'm in favor of that. >> it's another reason the vix is down this much today, judge. you look at the market the market is pretty flat today. but the vix is just getting cranked. >> on your point, sorry to interrupt, i want to let everybody know the vix is now, reading a note from our news desk the vix is below 13 for the first time since june of 2007. and lot of that would mean that the risk premiums of course...
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Jan 19, 2013
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interesting time in our history, after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a company. >> the moment you believe there is no danger of losing your edge is when it disappears on you. >> reporter: suzanne pratt, "n.b.r.," at the watson research center. >> susie: be sure to join us on monday for our special edition on american innovation. that's it for us this friday evening. have a great weekend everyone. you, too, tom. >> tom: goodnight, susie. we'll see you online at nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> comprehensive immigration reform and gun control take front and center on the political stage. with preparation
interesting time in our history, after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a...
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Jan 19, 2013
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interesting time in our history after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a company. >> the moment you believe there is no danger of losing your edge is when it disappears on you. >> reporter: suzanne pratt "n.b.r.," at the watson research center. >> susie: be sure to join us on monday for our special edition on american innovation. that's it for us this friday evening. have a great weekend everyone. you, too, tom. >> tom: goodnight, susie. we'll see you online at nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
interesting time in our history after 9/11 post hurricane, dealing with infrastructure challenges and budget deficits and we need to expand our tax base and we need to take advantage of what's happening right now. >> reporter: exactly how we take advantage is ripe for debate. but, most agree better education and visas for the scientists we train in the u.s. is a good start. and, remember what i.b.m.'s myerson said about continuity: it's just as important to a country, as it is to a...
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Jan 18, 2013
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it's been running a huge surplus which is the deficit of the other countries of europe that they cannot finance. >> correct. >> that is the essence of the european crisis. >> but in a global environment -- >> the whole question with respect to the u.s. is whether we can sustain our current account relationship with the rest of the world. and particularly with china. and that's a decision that the rest of the world will make. it's completely -- >> james, are we -- we added a new entitlement, obama care, which some, i don't know what that's going to cost. there's some groups, i guess they would call them, if they're too conservative, but trillions and trillions of dollars of additional entitlements that we've just layered over the entitlements we already have. are we at the right level now? is this the perfect level of promises we've made? or would you even go above where we are right now? >> well, i think the problem that we have is that our health care sector is bloated by this enormous private insurance system that we have. this sort of mixed bag of insurance schemes. that makes our he
it's been running a huge surplus which is the deficit of the other countries of europe that they cannot finance. >> correct. >> that is the essence of the european crisis. >> but in a global environment -- >> the whole question with respect to the u.s. is whether we can sustain our current account relationship with the rest of the world. and particularly with china. and that's a decision that the rest of the world will make. it's completely -- >> james, are we --...
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Jan 16, 2013
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this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get this done. >> sir, do you think the u.s. has a spending problem? >> look, we've got a deficit problem. >> is that the same thing as a spending problem or is it different? >> you've got -- look, when i was in congress and when we balanced the budget in the '90s, we were taking in roughly, these figures will be a little off, roughly, we were taking in 20% of gdp and spending 20% of gdp. that seems to me to be a fair place to come out. maybe you could put it at 18, maybe you could put it at 21 or 22. but get an agreement on that, and then go to work on both sides o
this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get...
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he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announ
he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing...
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Jan 18, 2013
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there is an issue with respect to fiscal deficit. where we saw the debt ceiling. so if that were to get into any kind of a logjam, not getting results, there can be some amount of sentiment that can impact us. and impact the customers and, therefore, to us. similarly in india, you look, the budget is going to come up in february. worry seeing further moderation in interest rates. but we still do not know, because quarter four tends to be a very good quarter. we have concern because we have very good revenue comes from india gee of fee. but some of those moves that will happen by the government and therefore the decision for investment and therefore there is a little bit of uncertainty. that is a big reason why we have given a guidance of .5% to 3% in large range. >> suresh -- >> based on the deal plan that we have, we feel that -- what? >> so just to be clear, you're basically saying just so people know what we're talking about, the guide kwans for the current quarter was between 1.2% and 3.5%. you came in at 2.4% revenue growth. your guidance for the next period
there is an issue with respect to fiscal deficit. where we saw the debt ceiling. so if that were to get into any kind of a logjam, not getting results, there can be some amount of sentiment that can impact us. and impact the customers and, therefore, to us. similarly in india, you look, the budget is going to come up in february. worry seeing further moderation in interest rates. but we still do not know, because quarter four tends to be a very good quarter. we have concern because we have very...
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Jan 18, 2013
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then the risks accumulate and the federal reserve has been printing money to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >> before we let you go, when these transcripts come out do they evoke any memories for you good or bad about these meetings? >> oh, well they evoke lots of memories. i haven't seen the transcripts of course. i look forward to reviewing it because that was my last full year in office. it was a wonderful experience to be there. i learned an awful lot. and certainly one of the things i reflect on is the various points that we missed that i missed and my colleagues missed. >> william poole, former st. louis fed president, thank you so much for your time. steve, thanks to you for sticking around. >> my pleasure. >> meantime
then the risks accumulate and the federal reserve has been printing money to finance the government deficit, buying a lot of government bonds and at some point that is going to come apart and it might come apart, might come apart in a fashion that is rather like august of 2007 where things seem to be going smoothly and then all of a sudden it all falls apart and the question is do we have adequate contingency plans in place should that happen? >> right. >> i fear we do not. >>...
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Jan 19, 2013
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i do know we can eliminate the deficit simply slowing down government growth. we don't need to cut government. we simply need to slow it down. if we do that we'll eliminate the annual deficit. >> you hear the argument that is like throwing granny off a cliff. >> i don't think it is. i disagree with it. neil: do you feel attempted to go into politics? >> no. if i ever do i hope somebody talks me out of it. neil: some of the best ideas i ever heard, john are from guys like you. the whole process soils you, oh, my god, i can't deal with it, it is so stupid? >> it is difficult because i found in my own experience when you're very authentic and tell the truth and honest often times get attacked. you get smeared, you, very difficult. takes a lot of courage, i think to go into the political realm these days. neil: will be interesting. put it that way. john mackey. whole foods market cofounder, co-ceo. conscience capitalism. read it. thought to paper and thought that sticks in your head. all right. inauguration on monday. we are there. i'm there all day. we'll get ther
i do know we can eliminate the deficit simply slowing down government growth. we don't need to cut government. we simply need to slow it down. if we do that we'll eliminate the annual deficit. >> you hear the argument that is like throwing granny off a cliff. >> i don't think it is. i disagree with it. neil: do you feel attempted to go into politics? >> no. if i ever do i hope somebody talks me out of it. neil: some of the best ideas i ever heard, john are from guys like you....
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Jan 15, 2013
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it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite and then we're off to the races again. >> after the civil war, there was tremendous partisanship in this country. a tumultuous time. the level of bipartisanship. there's such hatred that you can't get in a room. it never seems like obama gets in the room. biden got in the room beforehand. but look, everybody hates each other down there. it's exactly the opposite of what you would expect from a respected nation. it makes us look mickey mouse. i don't blame fitch. look, we have to pay bills, the constitution says it, but everybody doesn't seem to care much about the
it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite...
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you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady government. the united states recognizes them for the first time in 20 years pillar in -- 20 years. lance armstrong has been stripped of his mettle. the committee acted after the governing body found him guilty of systematic doping and stripped them of seven wins. there is speculation as to whether he will lead men to open or apologize. extremists are gaining ground militarily and they're also winning popular support. it has become increasingly powerful. the free syrian army is living in kidnapping. they met one of the leaders of the front and found this exclusive
you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady...
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Jan 17, 2013
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is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, somet
is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn't really solve the problem. it is a waste of time. adam: let me interrupt you because we have had this debt ceiling essentially part of our discussion for almost 100 years, going back to 1917 with the issue of liberty bonds. now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to...
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Jan 16, 2013
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adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses what the president has told at the white house, we don't have a spending problem. it's because of this healthcare problem. >> i mean this is so riddled with mistakes, it's hard to list them all. as you know and previous guest gary made clear, the problem is entitlement spending. if you add new entitlement, you have a bigger problem. it goes the wrong direction. insurance costs are high for two reasons. healthcare costs are high and insurance has to pay for operations on top of that and all obamacare did was add new regulations and insurance costs. it made the bill go up and
adopting this so-called public option would actually cut the deficit. that had me thinking -- remember that one with chevy chase, and new shimmer and floor wax and it was dessert topping. i tell you, the same shim never, what do you make of that? >> it also grows hair, that is important to me. >> neil: another public option, giving the government total control reduces all these redundant costs and everything is done, everything is saved, spending problem goes away and that addresses...
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Jan 18, 2013
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he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he hates the debt limit. you remember the former treasury secretary, the guy who said i need $700 billion right now? no wonder he hates it. ashley: don't we all. tracy: he has given a rare interview. we have details on that next. ashley: first a look at today's winners and losers. the dow just above the water mark. take a look. we'll be right back. ♪ chances are you've become, a better driver over the years. and one company thinks your auto insurance rates should get better too. presenting the aarp auto insurance program from the hartford. i'm a good driver. have been for years. it just makes s
he has said, the president remains committed to further reducing the deficit in a balanced way. so that is the response from the white house after the gop at its retreat in virginia came out with the possibility that perhaps we could extend the debt limit for another three months but the senate has to pass a budget, so the republicans which it has not done in four years. so. tracy: no surprise from the white us house. ashley: says no. tracy: okay, then. how about this. hank paulson says he...
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Jan 20, 2013
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combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do
combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president...
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Jan 23, 2013
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he said we are going to keep the deficits and raise tax rates on the rich. campaign city, here we go. i don't think this is specific. it was broad in general and appealed to a lot of universal themes. anyone watching that team will know that it wasn't ideal logical speech. it was an important speech. the is agenda was laid out in the presidential campaign. he won that. the american people voted for that. here, he was laying out the not very specific things he was going to do. but a vision for the country. he was dividing the gop. i don't think the president can take credit for the ambivalence that exists within the republican party. i mean how do you see this? >> there is no question you can't deny that obama wants to end the reagan era. but the second point is, can obama split the republican party? to some extent he did on the fiscal cliff vote. he has a lot of issues like this. immigration and gun control. to mark's point. the president went out there and tested what he believes is his vision. this first term was about being a sen trist and now he is not h
he said we are going to keep the deficits and raise tax rates on the rich. campaign city, here we go. i don't think this is specific. it was broad in general and appealed to a lot of universal themes. anyone watching that team will know that it wasn't ideal logical speech. it was an important speech. the is agenda was laid out in the presidential campaign. he won that. the american people voted for that. here, he was laying out the not very specific things he was going to do. but a vision for...
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Jan 17, 2013
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further. they're planning a 10% staff cut through a voluntary retirement program. renesas is one of the world's largest suppliers of microcontroller chips. managers told the company's labor union that they'll offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive about $2.3 billion from a state-backed fund and several business partners. the chipmaker cut 7,400 jobs through an early retirement program in october. >>> japan's nissan motor will slash d
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by fiscal 2015. but the draft fell short of setting a specific limit on the issuance of japanese government bonds to finance the budget, as the previous administration of the democratic party did. it only urges the government to keep bond issues to a minimum. >>> executives at struggling chipmaker renesas electronics say they need to slash their workforce even further....
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Jan 17, 2013
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other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they are planning a 10% staff cut through a voluntary retirement program. renesas is one of the largest suppliers of microcontroller chips. the managers told the company's labor union they will offer early retirement to about 3,000 employees aged 40 and older. the plan is part of restructuring efforts put in place after the company reached a deal on a rescue package with investors. the deal will allow renesas to receive $2.3 billion from the state-backed fund as well as several business partners. the chipmaker cut early retire, that was back in october. >>> japan's nissan motor will slash domestic prices on its ele
other hand, the council states the government needs to achieve the primary balance by reducing the deficit to half by the fiscal year of 2015, but the draft did fall short of setting a specific limit on the issuance of government bonds to finance the budget as the previous administration turned democratic party did. it only urges the government to keep bond issues to a minimum. >>> well, executives at struggling chipmaker electronic says they need to slash the workforce further. they...
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Jan 18, 2013
01/13
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that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee chairman paul ryan announced today that republicans are putting a short-term debt ceiling hike on the table. short-term debt ceiling hike. but here's what i'm not hearing and what we should be hearing is an unambiguous plan to splash spending now. republicans need an absolute rock solid plan to implement the sequester which is $1.2 trillion over the next ten years. this is essential. not just to unite the republican conference. but more importantly, it's essential to helping the economy grow more rapidly. and if the republicans don't get it d
that's $1.3 trillion deficit. you know, if the republicans want to save their house majority, they'd better cut spending like there's no tomorrow. we'll have a little debate on our budget priorities next up. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of aer. fiber one. >>> welcome back. >>> welcome back. house budget committee...
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Jan 22, 2013
01/13
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there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases demand that the religious go to war, something that won't sit well with mr. netanyahu's base. going forward, he may have won, but it will be a very uncomfortable and probably tense couple of weeks to figure out which one of his friends he will put together to get to the crucial 61 number. >> neil: completing our trifecta of big stories today, i want to bring your attention to the stock market, up despite an ominous warning from bill gross, pacific income management, owns more treasuries, notes and bonds, save the u.s. government than anyone and warn that this govern
there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases...
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Jan 22, 2013
01/13
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we had a bad situation a couple years ago with the deficit recession. the hotel business suffered dramatically. over the past couple of years, we've climbed out of it and had dramatic recovery in 2010, 2011 and 2012. we think we're still in a good spot in the recovery. we have a situation where demand is strong for the hotel business and supply is low and should stay low for a couple years. our perspective is it's a good time to be in the hotel business. >> is he right? >> right now there's a three-point spread between supply and the industry. very low supply means cycles should be longer. we're moving into the 37th month of recovery. our expectation is this will be a prolonged recovery. >> somebody told me another four years. the second days of the cycle is when occupancies are high, rate growths are high and profit growth is considerable. so you're entering into a healthy phase. >> the other -- apart from buying and selling properties, the other decision you have to make is whether or not you will stand on your own, brand your own hotels, or pay hilto
we had a bad situation a couple years ago with the deficit recession. the hotel business suffered dramatically. over the past couple of years, we've climbed out of it and had dramatic recovery in 2010, 2011 and 2012. we think we're still in a good spot in the recovery. we have a situation where demand is strong for the hotel business and supply is low and should stay low for a couple years. our perspective is it's a good time to be in the hotel business. >> is he right? >> right now...
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Jan 17, 2013
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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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Jan 23, 2013
01/13
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it will create revenue to help with the deficit and debt. this is about energy security, energy independence. so we don't have to get oil from the middle east. melissa: you know environmentalists don't like it even though we've taken care of a lot of problems and hurdles we put up in the first place. those have been taken care of. you know environmentalists don't like it. seems like the president is recommitted to battling climate change. he doubled down on green energy. this really doesn't fit into his portfolio of energy options. >> here's thing. there is better environmental stewardship with the project and without it. that oil coming to the united states means lower emissions then sending it to china. it actually means less emissions with the project. i think what we've shown today that the president needs to approve it because it is in the interest of the american people to do so. they don't want to get the energy from the middle east. they want to get it here at home and working with our closest friend and ally canada, and that if the
it will create revenue to help with the deficit and debt. this is about energy security, energy independence. so we don't have to get oil from the middle east. melissa: you know environmentalists don't like it even though we've taken care of a lot of problems and hurdles we put up in the first place. those have been taken care of. you know environmentalists don't like it. seems like the president is recommitted to battling climate change. he doubled down on green energy. this really doesn't fit...
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Jan 23, 2013
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the last tax hike will go spending cannot deficit reduction. gerri: amelie dissing not want to cut spending, democrats just want to demonize the republicans. surprisingly, here is john dickerson. the town that the president in the white house should take care. obama's only remaining option is to pulverize, whether you succeed in passing legislation are not, his goal should be to delegitimizes opponent through a series of clarifying fights over controversial issues. for republicans to side with the coalition's most extreme elements are caused a rift in the party that will leave it at least temporarily in disarray. trying to finish off the republican party. >> i don't know what the ultimate aim is, but i think all of the issues the president wants to for some republicans will have that effect of dividing the party. we have already seen that. now what the president is going to do but what he has been doing for the last six weeks. gerri: to you. >> the president of four years ago celebrate the parsing gridlock, hope and change. now in his inaugural
the last tax hike will go spending cannot deficit reduction. gerri: amelie dissing not want to cut spending, democrats just want to demonize the republicans. surprisingly, here is john dickerson. the town that the president in the white house should take care. obama's only remaining option is to pulverize, whether you succeed in passing legislation are not, his goal should be to delegitimizes opponent through a series of clarifying fights over controversial issues. for republicans to side with...
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Jan 17, 2013
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you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady government. the united states recognizes them for the first time in 20 years pillar in -- 20 years. lance armstrong has been stripped of his mettle. the committee acted after the governing body found him guilty of systematic doping and stripped them of seven wins. there is speculation as to whether he will lead men to open or apologize. extremists are gaining ground militarily and they're also winning popular support. it has become increasingly powerful. the free syrian army is living in kidnapping. they met one of the leaders of the front and found this exclusive
you don't speak the language and you have cultural deficits. it is almost impossible to develop the contextual understanding that you need. you have to understand if you're trying to impact a society. >> in other news, the militants said they have executed a french hostage captured in 2009. french armed forces tried to rescue him last saturday but failed. they executed him on wednesday evening and they say he was probably killed during the rescue attempt. the country now has a steady...
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Jan 23, 2013
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we're running multitrillion dollar deficits. we've gone from $10 trillion in debt to $16 trillion in debt in the first four years of this presidency, and we now recognize we got to save this president from himself, and we're not going to do it by nickel and diming every two months, three months, four months. we've got to lay out the vision for america that we have, how do we save ourselves from a debt crisis, and force the senate to put forward their view of how we save ourselves from a debt crisis. let the senate lay out its tax proposals. let the senate lay out its entitlement reforms if they have them. and then we can have an adult conversation once the senate passes its budget and the house passes its budget. >> right. but you say if they have them. what makes you think that there is any more fertile ground for reform this week or next week than there was at the end of last year. >> i agree with you that the senate hasn't had those ideas, which is why we're calling the senate's bluff today by saying pass a budget or don't ge
we're running multitrillion dollar deficits. we've gone from $10 trillion in debt to $16 trillion in debt in the first four years of this presidency, and we now recognize we got to save this president from himself, and we're not going to do it by nickel and diming every two months, three months, four months. we've got to lay out the vision for america that we have, how do we save ourselves from a debt crisis, and force the senate to put forward their view of how we save ourselves from a debt...
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Jan 16, 2013
01/13
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the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in the future. that is a harder concern to see moment by moment but, it is the biggest in the long run. ashley: it is indeed. maya. thank you so much. we didn't have time to get into entitlement reform and reforming the tax code, two huge issues i know you're very hot on but remains to be seen. based on what we've seen so far in washington it will be a big, tall order. maya, thank you. tracy: coming up, speaking of the tax code, delayed tax season, well, starts two weeks from today. turbotax vice president bob meaghan is here with the bigge
the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance. for now already hurting our standard of living and going to more in...
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Jan 17, 2013
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there are big daunting deficits in both of these entitlement projects. 701 the new 65, we're all living longer. even randall stephenson going as far as saying you know at at&t we're actually going to need people to work longer because we're not going to have many people coming up to fill in the ranks. >> my view is on the one hand it's easy for ceos to say go ahead and work until 70. they're not, working in a coal mine. on the other hand, when social security began at 1935, full benefits kicked in at 65. we're paying more benefits to more people longer today. >>> boeing, 787 is grounded worldwide. battery issue being investigated. is the faa culpable in this, bertha, or not? >> i'm not sure it's the faa. i'm wondering in terms of the testing of the batteries. that appears to be the major issue that we are seeing and could you really test them? is there a problem with the lithium batteries when you've been flying plaens? >> robby, you're a brand expert here. what would you be telling boeing to do today? and do you think the image of the 787 is so tarnished that it will become like the dc
there are big daunting deficits in both of these entitlement projects. 701 the new 65, we're all living longer. even randall stephenson going as far as saying you know at at&t we're actually going to need people to work longer because we're not going to have many people coming up to fill in the ranks. >> my view is on the one hand it's easy for ceos to say go ahead and work until 70. they're not, working in a coal mine. on the other hand, when social security began at 1935, full...
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Jan 22, 2013
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the deficit reduction comes because they raise taxes and they cut medicare. had nothing to do with medicaid, right, and the states themselves have to deal -- i mean, we all talk about what it meant for the individual but there was another part, medicare that got stuffed down the throats of the states and they have to take -- they have to spend this money at the -- >> they don't have to do it, right. the supreme court ruled they could opt out which is what governor perry is doing and bobby jindal is doing in louisiana and what's happening in south carolina, and those are governors. if you're a governor and you're looking at this, it makes perfect sense for you to take this because it does draw in, again in, jan brewer's case, ten times the amount of federal funds, so if governors are choosing to not do this, then it is a partisan game because it makes no economic sense. for them their self-interest is to do this. >> but for a program that -- that the president has admitted, everyone is admitting spending too much money, we have potentially 30% of the health ca
the deficit reduction comes because they raise taxes and they cut medicare. had nothing to do with medicaid, right, and the states themselves have to deal -- i mean, we all talk about what it meant for the individual but there was another part, medicare that got stuffed down the throats of the states and they have to take -- they have to spend this money at the -- >> they don't have to do it, right. the supreme court ruled they could opt out which is what governor perry is doing and bobby...
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Jan 22, 2013
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the deficit's 40% lower today than it was when he took office. this notion that the democrats don't care about this, it's the republicans who have been driving up the deficit over the last generation. so give me strength. we've got -- the republicans have got to stop pretending that president obama doesn't care about these things. it's simply not true, and it's going to continue to isolate them instead of allow them to do what matt talked about, which is they've got to make their case. it's time now for paul ryan and other republicans to lay out their alternative and to fight this president better than they have. jon: he talked about green energy and how it is still a panacea. i want to play it and get a real quick thought from each of you. here we go. >> yeah, sure. >> we, the people, still believe that enduring security and lasting peace do not require perpetual war. jon: okay. that, that was, obviously, about winding down the wars in afghanistan and iraq. um, suggesting, i guess, that those republicans who have said it's too soon to leave afgh
the deficit's 40% lower today than it was when he took office. this notion that the democrats don't care about this, it's the republicans who have been driving up the deficit over the last generation. so give me strength. we've got -- the republicans have got to stop pretending that president obama doesn't care about these things. it's simply not true, and it's going to continue to isolate them instead of allow them to do what matt talked about, which is they've got to make their case. it's...
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Jan 19, 2013
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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Jan 21, 2013
01/13
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moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. you still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. lori: the president digging in. you mentioned the philosophy. this proposal being floated about. >> right. this is at three day proposal. three months proposal. excuse me. republicans will vote on it in a few days in the house. it has not gone completely shut down, so we may get at three month extension of the debt ceiling. extendi
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of...
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Jan 17, 2013
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by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there wer
by $4 trillion over the next decade which would stabilize our debt and our deficit in a sustainable way for the next day-to-day. jon: so what about that statement from the president, true or false? a fact check on that and a bunch of others. we'll have the answers for you coming up. jon: right now lawmakers are working on a strategy to try to keep the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts...
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Jan 20, 2013
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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Jan 18, 2013
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for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between that the high poverty level. >> best way to look at this is see what is happening with people leaving a little. lenore loses one person every ten minutes to other states. people are leaving companies don't want to come, they're scared of coming to illinois, much death and you can't blame them for being scared. they don't want to pay more taxes or interested that has more poor people. they want to move states that are dynamic, cutting taxes. look of other states with zero tax rates, they want to move to dynamic economies. stuart: diana workers leave and dynamic companies that want to hire do not
for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between...